Matador Resources (NYSE:MTDR – Free Report) – Analysts at Zacks Research lowered their Q3 2023 earnings per share estimates for Matador Resources in a note issued to investors on Wednesday, September 6th. Zacks Research analyst N. Banerjee now forecasts that the energy company will post earnings per share of $1.50 for the quarter, down from their previous forecast of $1.54. The consensus estimate for Matador Resources’ current full-year earnings is $6.36 per share. Zacks Research also issued estimates for Matador Resources’ Q4 2023 earnings at $1.84 EPS, FY2023 earnings at $6.26 EPS, Q1 2024 earnings at $2.06 EPS, Q2 2024 earnings at $2.01 EPS, Q1 2025 earnings at $1.97 EPS and Q2 2025 earnings at $2.05 EPS.
Matador Resources (NYSE:MTDR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The energy company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.12). The business had revenue of $638.20 million during the quarter, compared to analyst estimates of $636.91 million. Matador Resources had a net margin of 33.46% and a return on equity of 27.40%. The firm’s quarterly revenue was down 32.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.47 earnings per share.
Check Out Our Latest Report on MTDR
Matador Resources Price Performance
Shares of NYSE MTDR opened at $63.34 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.88 and a current ratio of 0.92. Matador Resources has a one year low of $42.04 and a one year high of $73.78. The firm has a market capitalization of $7.55 billion, a P/E ratio of 8.27 and a beta of 3.53. The company’s fifty day moving average is $57.65 and its two-hundred day moving average is $51.97.
Institutional Investors Weigh In On Matador Resources
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harbour Capital Advisors LLC acquired a new position in Matador Resources during the first quarter worth approximately $200,000. Creative Planning raised its position in shares of Matador Resources by 9.0% in the 4th quarter. Creative Planning now owns 29,096 shares of the energy company’s stock worth $1,665,000 after buying an additional 2,401 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Matador Resources by 253.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,423 shares of the energy company’s stock worth $926,000 after buying an additional 13,933 shares during the period. Copeland Capital Management LLC acquired a new position in Matador Resources in the first quarter valued at $22,866,000. Finally, Prudential PLC grew its position in Matador Resources by 35.7% during the first quarter. Prudential PLC now owns 19,911 shares of the energy company’s stock valued at $949,000 after acquiring an additional 5,239 shares during the period. Hedge funds and other institutional investors own 87.23% of the company’s stock.
Matador Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, August 10th. Matador Resources’s dividend payout ratio is presently 7.83%.
Matador Resources Company Profile
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.
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